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CITY OF LINO LAKES, MINNESOTA
<br />LEGAL DEBT MARGIN INFORMATION Table 12
<br />Last Ten Fiscal Years
<br />Legal Debt Margin Calculation for Fiscal Year 2018
<br />Market value $1,959,826,108
<br />Applicable percentage 3%
<br />Debt limit 58,794,783
<br />Debt applicable to limit:
<br />Total bonded debt 24,452,838
<br />Less:
<br />Special assessment bonds (3,890,000)
<br />Tax abatement bonds (1,375,000)
<br />Tax increment bonds (1,435,000)
<br />Utility revenue bonds (3,255,000)
<br />14,497,838
<br />Legal debt margin $44,296,945
<br />Net Debt
<br />Net Debt Legal Amount of Debt Applicable
<br />Fiscal Debt Applicable to Debt Applicable to to Limit
<br />Year Population Limit Limit Margin Debt Limit Per Capita
<br />2009 20,305 $64,036,746 $3,642,000 $60,394,746 5.69% $179
<br />2010 20,216 60,622,086 3,386,000 57,236,086 5.59% 167
<br />2011 20,505 54,123,645 2,961,000 51,162,645 5.47% 144
<br />2012 20,625 49,213,676 4,591,000 44,622,676 9.33% 223
<br />2013 20,833 45,595,717 4,280,000 41,315,717 9.39% 205
<br />2014 21,129 45,297,635 4,191,000 41,106,635 9.25% 198
<br />2015 20,519 50,830,982 11,941,250 38,889,732 23.49% 582
<br />2016 20,803 50,978,666 10,122,081 40,856,585 19.86% 487
<br />2017 21,117 54,252,514 10,426,243 43,826,271 19.22% 494
<br />2018 22,000 58,794,783 14,497,838 44,296,945 24.66% 659
<br />Legal Debt Margin Calculation for Fiscal Years 2009 Through 2018
<br />153
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